Additions and subtractions are afoot for the First Trust NASDAQ Technology Dividend Index Fund (NasdaqGM: TDIV).
NASDAQ OMX Group said prior to the open of U.S. markets on March 24, the NASDAQ Technology Dividend Index will add 14 new stocks and delete 12 as part of its semi-annual rebalancing process.
The 14 new additions are as follows: EMC Corporation (NYSE:EMC), Frontier Communications Corporation (NasdaqGS: FTR), Himax Technologies, Inc. (NasdaqGS: HIMX), ChipMOS TECHNOLOGIES (Bermuda) LTD. (NasdaqGS: IMOS), Mentor Graphics Corporation (NasdaqGS: MENT), Nice-Systems Limited (NasdaqGS: NICE), NetApp, Inc. (NasdaqGS: NTAP), Open Text Corporation (NasdaqGS: OTEX), Power Integrations, Inc. (NasdaqGS: POWI), SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE: SAIC), Shenandoah Telecommunications Co (NasdaqGS: SHEN), Silicon Motion Technology Corporation (NasdaqGS: SIMO), SanDisk Corporation (NasdaqGS: SNDK), Wipro Limited (NYSE: WIT), according to a statement issued by NASDAQ OMX.
The NASDAQ Technology Dividend Index will remove the following 12 stocks from its lineup: ARM Holdings plc (NasdaqGS: ARMH), China Unicom (Hong Kong) Ltd (NYSE: CHU), EarthLink Holdings Corp. (NasdaqGS: ELNK), KT Corporation (NYSE: KT), Leidos Holdings, Inc. (NYSE: LDOS), Linear Technology Corporation (NasdaqGS: LLTC), Micrel, Incorporated (NasdaqGS: MCRL), Nippon Telegraph and Telephone Corporation (NYSE: NTT), SK Telecom Co., Ltd. (NYSE: SKM), Seagate Technology. (NasdaqGS: STX), United Online, Inc. (NasdaqGS: UNTD), Telefonica Brasil S.A. (NYSE: VIV).
TDIV’s constituent companies are required to yield at least 0.5% and have paid a dividend in the past year. Companies must also have a minimum market value of $500 million to be eligible for inclusion in the index and ETF. [Tech ETFs Become Dividend Destinations]